Offering car loans from $5,000 to $25,000, Jacaranda Finance's rates start at 10.48% p.a. (12.56% p.a. comparison rate*) depending on a customer's individual credit score. 

In assessing customers, Jacaranda Finance uses the ratings of Excellent, Very good, Good, Okay and Average. 

Those with an average credit score can expect to receive a rate of 18.95% p.a. (29.80% p.a. comparison rate*). 

Customers can opt for a loan term with Jacaranda from 12 to 36 months, with repayments to be made either weekly, fortnightly or monthly. 

Jacaranda Finance's car loans are designed to cut down the time it takes for Aussies with an average credit score to get finance approved for a new set of wheels, claiming customers are able to receive approval and settlement in as little as 60 minutes.

Jacaranda Finance CEO Daniel Wessels said too much of the commentary and advertising around car loans is focused upon the top percentile of borrowers and leaves out the majority of people seeking car finance.

“If you go online and search for car loans, you’ll probably find a website advertising ultra-low interest rates of sub-5 per cent, telling you to apply for the lowest-rate loan you can find,” Mr Wessels said.

“But in reality, these loans are only actually available for the best of the best: the lenders offering them won’t accept you if you don’t have extremely perfect credit."

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In the market for a new car? The table below features car loans with some of the lowest interest rates on the market.

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LenderCar LoanInterest Rate Comparison Rate* Monthly Repayment Interest Type Vehicle Type Maximum Vehicle Age Ongoing Fee Upfront Fee Total Repayment Early Repayment Instant Approval Online Application TagsFeaturesLinkComparePromoted ProductDisclosure
5.94% p.a.
7.07% p.a.
$579
Variable
New
$8
$400
$34,749
  • Available for purchase of new/demo vehicle
  • Get a personalised rate, won't impact your credit score
  • Borrow from $10k to $150k, 3 to 7 yr loan term
  • Unlimited additional repayments, flexible repayment options
 Disclosure
5.67% p.a.
6.10% p.a.
$575
Fixed
New
$0
$350
$34,524
  • A leading Australian Finance Broker with proven experience you can trust
  • We've assisted more than 150,000 customers access over $8 billion in finance!
  • We are the experts at getting the keys in your hands
 Disclosure
5.95% p.a.
5.95% p.a.
$579
Fixed
New
$0
$0
$34,757
  • No vehicle age limit
  • No ongoing or early exit fees
  • 1-7 years loan terms. Pay monthly, fortnightly, or weekly
 Disclosure
Important Information and Comparison Rate Warning
Important Information and Comparison Rate Warning
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